Earnings Outlook For Cresco Labs
Portfolio Pulse from Benzinga Insights
Cresco Labs (OTC:CRLBF) is expected to release its quarterly earnings report on Wednesday, 2023-11-15, with analysts predicting an EPS of $-0.04. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Cresco Labs has had mixed earnings performance, with the last quarter missing EPS estimates by $0.08, but the stock price remained unchanged the following day. Over the past year, shares have declined by 54.29%, indicating a bearish sentiment among long-term shareholders ahead of the earnings release.
November 14, 2023 | 2:01 pm
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NEUTRAL IMPACT
Cresco Labs is anticipated to report an EPS of $-0.04 for the quarter. Historical performance shows mixed results, with the stock price remaining stable after the last earnings miss. Long-term shareholders have seen a significant decline in stock value over the past year.
The expected EPS of $-0.04 indicates that Cresco Labs may continue to face challenges, but the stock price did not react to the last earnings miss, suggesting a potential neutral short-term impact. The long-term decline in stock price reflects bearish sentiment, but the immediate impact of the earnings report will depend on whether Cresco Labs can exceed expectations and provide positive guidance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100